Walk down Fleet Street any weekday and you could almost be in a scene from Mary Poppins, surrounded by sharply dressed bankers in their dark suits.
So this year, London tailors Cad & The Dandy decided to run a competition for the best-dressed banker, who will be rewarded with a 3,000 pounds ($4,740) bespoke suit - as will their nominator.
The contest has attracted over 50 nominees, of whom six are women.
Over 2000 people voted online in the competition which has now been narrowed down to ten bankers, who include Bob Diamond, CEO of Barclays Bank, and John Studzinski, senior managing director at Blackstone.
The award is open to anyone who works in the financial sector, no matter the position.
The top three nominees have been put forward to the judges who include former boxer and sharp dresser Chris Eubanks, several style advisors and Ian Meiers and James Sleater, directors of Cad & The Dandy.
Sleater was actually made redundant by one of the top ten nominees, Philip Guyot, Head of Sales at BNP Paribas, two years ago.
“I will be totally impartial,” Sleater told CNBC.
Participants are judged on their sense of style and will be asked questions which include how to tie a bowtie and color combinations.
Nominees have been using twitter and facebook to garner votes.
The winner will be announced live on CNBC’s Squawk Box Europe Thursday morning.